Standard & Poor's affirmed its ratings on Russia Friday, providing relief to markets that had feared a downgrade.» Read More
LONDON-- Former media mogul Conrad Black has appeared on a British satirical show, defying the program's mockery of his convictions in the U.S. and claiming innocence. Satirists on the show "Have I Got News For You" made constant jokes at the expense of Black, who used to control papers including the Chicago Sun-Times and Britain's Daily Telegraph.
LONDON, Oct 26- Former UBS trader Kweku Adoboli wept on Friday as he told a jury that his ``off-book'' trading was done for the benefit of the bank that meant everything to him.
*Announcements made two weeks before Communist Party congress. BEIJING, Oct 26- China moved quickly on Friday to announce it had formally begun a criminal probe into disgraced former senior politician Bo Xilai, hours after expelling him from the largely rubber stamp parliament and so removing his immunity from prosecution.
*Hurricane Sandy threatens U.S. after slamming Cuba. NEW YORK, Oct 26- Brent oil pushed higher on Friday in choppy trading, recovering from an early decline as supportive U.S. economic data coupled with North Sea and Nigerian production problems yielded some relief from concerns about Spain and tepid global demand.
NEW YORK, Oct 26- Gold rebounded on Friday after data showed U.S. economic growth picked up in the third quarter, but the metal was heading for its first three-week losing streak in over a year on uncertainty over the future of the U.S.
SANTA ANA, Calif.-- A Stern Agee analyst reaffirmed his "Buy" rating on Ingram Micro on Friday, a day after the technology products company reported that its net income more than doubled in the third quarter as sales increased in North America, Latin America and the Asia Pacific region.
NEW YORK-- The price of oil rose slightly Friday as data showed the U.S. economy is muddling along while the East Coast prepares for a potentially damaging storm. On the New York Mercantile Exchange:. Benchmark crude rose 23 cents to finish at $86.28 per barrel.
LONDON, Oct 26- European shares eked out small gains on Friday after better-than-expected U.S. economic growth figures helped outweigh the impact on investor sentiment of yet more gloomy corporate outlooks. Ericsson, Renault, Saint Gobain and Publicis among those reporting weak numbers or cutting outlooks in Europe.
LONDON, Oct 26- China's imports of iron ore have risen for the past two months, but those of coking coal have dropped for the past three, creating a seeming disconnect between the two key ingredients for steel making.
LONDON, Oct 26- Gold turned positive along with other commodities and nominally higher risk assets like stocks on Friday after better-than-expected U.S. third-quarter growth data, reversing earlier losses linked to weak corporate earnings.
*BHP's Vanselow, Xstrata's Davis in frame as replacements. LONDON, Oct 26- Anglo American's Chief Executive Cynthia Carroll has quit after more than five years in the job, under pressure from investors over the mining group's lagging share price and continued dependence on strike-hit South Africa.
LONDON, Oct 26- Global investors seem happy to feed off central banks' reflation policies but not necessarily their eventual success. In an otherwise punchy, policy-driven year of double-digit western equity gains, October is set to be first month in the red since May for both MSCI's all-country world stock index and U.S. blue chips in the S&P 500.
LONDON, Oct 26- Oil recovered from an earlier decline on Friday to trade above $109 a barrel as data showing a pick-up in U.S. economic growth in the third quarter provided some relief from concerns about the global demand outlook. Brent crude was up 69 cents to $109.18 a barrel by 1348 GMT, having fallen to as low as $107.40 earlier.
LONDON, Oct 26- Following are five big themes likely to dominate the thinking of investors and traders in the coming week and the Reuters stories related to them. Spain's bailout intentions therefore still have plenty of scope to trigger moves across financial assets. >Santander urges Spain to seek bailout.
*Carroll exit leaves two female CEOs in FTSE 100. LONDON, Oct 26- Mining giant Anglo American's outgoing chief executive Cynthia Carroll, only the third woman to take the helm of a FTSE 100 company, warned on Friday that calls for quotas to diversify Europe's boardrooms could reduce women to a token presence.
*Copper arb window opened but China demand slow- traders.
*Weeping, Kweku Adoboli tells court was all for bank's benefit. LONDON, Oct 26- Former UBS trader Kweku Adoboli wept on Friday as he told a jury that his ``off-book trades'' were done for the benefit of a bank that meant everything to him. The 32- year-old British-educated Ghanaian was arrested on Sept. 15, 2011, and blamed for losses of $2.3 billion.
LONDON, Oct 26- Oil recovered from an earlier decline on Friday to trade above $108 a barrel as data showing pick-up in U.S. economic growth in the third quarter provided some relief from, but did not dispel, concerns about the demand outlook. Brent crude was up 5 cents to $108.54 a barrel by 1320 GMT, having fallen to as low as $107.40 earlier.
LONDON, Oct 26- The euro hit a two-week low against the dollar and fell against the yen on Friday, with traders citing concerns that Greece may miss its austerity targets and political uncertainty in Athens.
LONDON, Oct 26- World shares and commodities fell as lacklustre corporate earnings reports undermined investor confidence before the release of American growth data due out later on Friday.